Retail Banking
Robust profits, lower credit costs to buoy Indonesia’s banks in 2024
The sector's profitability has surpassed pre-pandemic levels to reach 2.7%.
Robust profits, lower credit costs to buoy Indonesia’s banks in 2024
The sector's profitability has surpassed pre-pandemic levels to reach 2.7%.
Korea’s Woori Bank faces lower profits, rising credit costs in 2024
Capitalisation, funding, and liquidity are expected to remain stable.
Japan’s SMFG names Toru Nakashima as CEO
Nakashima retired from SMBC in April 2022, but returned to the company in 2023.
Higher risk of defaults on the horizon for Thai banks
Household leverage has reached “unsustainable levels”, says S&P Global Ratings.
Philippine banks to see higher credit demand but lower earnings in 2024
The bad loan ratio is expected to deteriorate, but it should be manageable.
Banks to see $1.68t of credit losses in 2024-2025
Banks globally are expected to lose $824b in credit losses in 2024.
Public Bank net profit up 14.3% to $1.08b in 9M 2023
Total loans rose faster than the Malaysian banking industry average.
South Korea interest rates for new deposits, loans rose in October: BOK
The interest rate for outstanding amounts of deposits and loans also rose.
OCBC Hong Kong names Wang Ke as new CEO
The current CEO, Ivy Au-Yeung, will retire on 31 December.
Here's how OCBC's new money lock feature works
The feature's purpose is to be a strong defence against malware and phishing scams.
Trust Bank sets the bar for digital banking in Asia Pacific
The digital bank targets to be Singapore's fourth largest retail bank, CEO Dwaipayan Sadhu said.
South Korean banks’ net income down 23.9% in Q3
Non-interest income and return of assets both fell during the quarter.
Maybank profits up 21% to $1.48b in 9M 2023
Profit before tax is up 14.4% in the first nine months of the year.
Kasikornbank increases stake in Indonesia’s Bank Maspion to 84.55%
The Thai bank is injecting an additional US$226m in Bank Maspion.
Thai banks’ profits improve in Q3, but bad loans also rose
Authorities to monitor debt serviceability of SMEs and households.
Bank of China HK disables screen capture, recording on Android apps
This was due to a rise of malware scams.
Citi completes sale of Indonesia consumer business to UOB
This marks Citi’s ninth and final full consumer divestiture in Asia.
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Why Philippine banks, insurers embrace hyper-personalized services
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Insurance
Industry experts push for the rapid progress of unified customer data as a starting point.
Industry experts push for the rapid progress of unified customer data as a starting point.
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